Oil prices have dropped sharply and stock markets have jumped after the US and Iran agreed a two-week ceasefire deal that includes the reopening of the Strait of Hormuz waterway.
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Iran has said that the country’s military will coordinate safe passage through the Strait of Hormuz during the ceasefire.
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US President Donald Trump said he had agreed to a two-week ceasefire with Iran on Tuesday on the condition that Iran agrees to reopen the critical Strait of Hormuz, while Iran’s supreme leader has instructed all military units to stop firing.
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The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
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As the deadline set by US President Donald Trump to Iran to agree a deal nears, he has posted a stark message on his social media warning that a civilisation could die tonight.
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The US military conducted strikes on military targets on Iran’s Kharg Island, the Axios news outlet reports, citing an unidentified senior US official. Several blasts have been reported on the Island, a vital oil export terminal for the country, stated Iranian media, adding a rail bridge has been struck in central Iranian city.
Kingdom Holding Company has announced that its key subsidiaries have signed an agreement with Sumou Real Estate Company to manage infrastructure development and sale of 3.07 million sq m land plots in Riyadh. The project is estimated to generate approximately SAR4 billion ($1.08 billion) in total sales.
The UAE authorities have announced the details of the AED6 billion ($1.63 billion) Fourth Federal Corridor project, one of the country’s flagship road projects, which will see the construction of a 68-km road, featuring 10 major intersections, 6 to 8 lanes in each direction, and 4 flyovers.
The launch of the world’s first commercial upper 6GHz (U6GHz) network and ecosystem was announced at the SAMENA Council Leaders’ Summit 2026, marking the UAE’s leadership on the U6GHz front, led by the Telecommunications and Digital Government Regulatory Authority (TDRA).
The King Fahd Causeway, a key bridge linking Saudi Arabia and Bahrain, reopened Tuesday morning after a brief closure over possible threats from Iran, said media reports. The vital route was shut down after alerts issued by Saudi Arabia's National Early Warning Platform in the kingdom's Eastern Region.
Dubai's residential real estate market recorded 44,100 transactions in Q1 2026, says leading real estate advisory and property consultancy, Cavendish Maxwell.
Leading businessman Nabeel Khalid Kanoo has been chosen as the Chairman of the Bahrain Chamber of Commerce and Industry (BCCI) for its 31st term, following the board of directors’ inaugural session.
Time is rapidly running out for Donald Trump’s ultimatum to Iran, with the American president warning that Tehran faces devastating consequences if it fails to reopen the Strait of Hormuz before his deadline of 8:00 p.m. EDT Tuesday (00:00 GMT Wednesday).
Adnoc Gas has confirmed shareholder approval of all agenda items at its Annual General Meeting including a record $3.584 billion dividend for 2025, with a final dividend of $896 million payable in May.
Saudi-based Asas Makeen Real Estate Development and Investment Company has announced that it has signed an agreement with Tawafuq Al Rimal Real Estate Fund for the development of an integrated residential compound in Al Rimal District, Riyadh, featuring a total of 503 homes.
Oman's Nama Power and Water Procurement Company (PWP) has signed new power purchase agreements with three independent power producers - Phoenix, Al Batinah and Al Suwadi Power - for gas-fired power projects with a combined capacity of 3,500MW in the sultanate.
Etihad Airways, the national airline of the UAE, will launch a seasonal service to Dhaka, Bangladesh, from June 26, strengthening trade and cargo links across the South Asia corridor, while responding to strong and sustained demand for travel and logistics between the UAE and Bangladesh.
Aldar Audit Bureau (Grant Thornton Saudi Arabia), a leading professional services firm, has announced a strategic collaboration with AstroLabs, the region’s premier business setup and growth platform, to provide international businesses with a fully integrated pathway to enter and scale in the kingdom.
The US-Iran face-off is the single biggest variable across every asset class - from oil to equities - meaning investors should be bracing for a volatile few days ahead, said an expert. Oil remains at the centre of every market move right now with both crude and brent up over 80% YTD.
UAE-based Burtville Developments has announced the launch of its tenth project in Abu Dhabi, a new hotel-branded residential development on the Al Raha Beach waterfront. It boasts three architecturally-distinct towers featuring 163 residences, including 19 waterfront townhouses and sky villa units.
The installed renewable energy capacity has exceeded 7.7 gigawatts (GW), with projects under development expected to raise total capacity to more than 23 GW by 2031, a WAM news agency report said.
Aldar Audit Bureau (Grant Thornton Saudi Arabia), a leading professional services firm, has announced a strategic collaboration with AstroLabs, the region’s premier business setup and growth platform, to provide international businesses with a fully integrated pathway to enter and scale in the kingdom.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Central Bank of Bahrain (CBB) and the Central Bank of the United Arab Emirates (CBUAE) have announced the establishment of a currency swap agreement between the Bahraini Dinar (BHD) and the UAE Dirham (AED) during a virtual signing ceremony.
Veeam Software, the Data and AI Trust Company, has announced a series of leadership promotions and appointments across its Europe, Middle East and Africa (EMEA) East region, reinforcing its commitment to customer success, regional growth and technical excellence.
Choithrams, a leading UAE-based retail and distribution company, has announced that it has joined hands with Parkonic, a digitally managed parking operating system, to introduce a streamlined, ticketless parking experience across selected store locations in the UAE.
The Black Gold Museum at the King Abdullah Petroleum Studies and Research Center (KAPSARC) in Riyadh was inaugurated on Tuesday, marking a significant milestone in Saudi Arabia’s cultural landscape.
US President Donald Trump has hailed the ceasefire agreement between the US and Iran as a big day for world peace and said there is an opportunity to make big money.
